reported that “Enterprises are embracing multi-cloud architecture to prevent data loss or downtime due to a localized component failure, ensure security compliances, and meet workload requirements. The demand for the deployment of 4G/5G networks globally is also expected to increase during the forecast period.”  The March 29, 2021 report entitled “Data center market size to reach $519.34 billion by 2025” included these comments:

The data center market is expected to post a year-over-year growth rate of 18.30%.

The data center IT infrastructure segment includes server infrastructure, storage infrastructure, SDDC, network infrastructure, converged infrastructure, backup and recovery software, automation software, and data center infrastructure management (DCIM) solutions.

The use of such IT infrastructure is increasing owing to the increase in demand for computing power and storage to support the growth in global data traffic.

The data center market share growth by the IT infrastructure segment will be faster than the power management system, mechanical construction, general construction, and security solutions segments.

The post COVID-19 impact has fast-tracked the demand for IT infrastructure due to the increase in the adoption of cloud services and digitization.

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *